MIRA vs TANH: Correlation
MIRA Pharmaceuticals, Inc. (MIRA) and Tantech Holdings Ltd. - Class A (TANH) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIRA and TANH?
On 3 years of weekly data the MIRA/TANH correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.26 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -5657.3 %².
Among the 16 assets we track against MIRA, TANH sits near the bottom by co-movement, at rank #12. The last year tells two different stories: MIRA led by 37.2 percentage points, -43.8% for MIRA against -81.0% for TANH. Note the risk asymmetry: MIRA runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MIRA vs TANH: side by side
| MIRA (MIRA Pharmaceuticals, Inc.) | TANH (Tantech Holdings Ltd. - Class A) | |
|---|---|---|
| 1-year return | -43.8% | -81.0% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 211.2% | 104.0% |
| Beta vs S&P 500 | -0.07 | 1.09 |
| Max drawdown (3Y) | -91.5% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MIRA | TANH |
|---|---|---|
| 2022 | – | -98.1% |
| 2023 | – | -44.7% |
| 2024 | +8.6% | -82.3% |
| 2025 | +32.5% | -88.2% |
| 2026 | -49.0% | -62.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIRA and TANH good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between MIRA and TANH?
As of 2026-08-27, the correlation of weekly returns between MIRA and TANH is -0.26 over 3 years, -0.03 over 1 year and n/a over 5 years.
Is TANH a good diversifier for MIRA?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MIRA correlations · TANH correlations
